Georgia Senate Sweep would crush retirement accounts

[AzogtheDefiler]

While Trump due to his polarizing nature seemingly lost the election to a corpse, the Senate remaining red and the House likely going red in 2020 has kept the markets in check. However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.

Georgia runoff results could trigger a 10% stock market selloff: Strategist

A Democratic win of the two contested Senate seats could trigger a selloff in the markets, according to Oppenheimer strategist John Stoltzfus.

www.yahoo.com

In the end money talks. Let's see what happens.

I am curious what others think. Do you want one party rule --- or do you prefer as the markets do, a two party checks and balances rule?

 

[Mac1958]

No.

Markets will be fine.

 

[candycorn]

While Trump due to his polarizing nature seemingly lost the election to a corpse, the Senate remaining red and the House likely going red in 2020 has kept the markets in check. However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.

Georgia runoff results could trigger a 10% stock market selloff: Strategist

A Democratic win of the two contested Senate seats could trigger a selloff in the markets, according to Oppenheimer strategist John Stoltzfus.

www.yahoo.com

In the end money talks. Let's see what happens.

I am curious what others think. Do you want one party rule --- or do you prefer as the markets do, a two party checks and balances rule?

There is a lot to be said for one party rule on the federal level. Sound persons of good character with the Congress behind them can do wonderous things. Medicare Part D for one thing under Bush in 2003. They should have raised taxes to pay for it. One party rule can do terrible things too of course but sound persons of good character can do wonderous things. The ACA is another example.

We didn't have that with your blob. We had a man-child whose character was dead if he ever hand any and a Senate that makes up rules as it goes along and then violates them...see ACB and nominee Garland.

So I have no problem with the Senate turning blue.

 

[AzogtheDefiler]

While Trump due to his polarizing nature seemingly lost the election to a corpse, the Senate remaining red and the House likely going red in 2020 has kept the markets in check. However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.

Georgia runoff results could trigger a 10% stock market selloff: Strategist

A Democratic win of the two contested Senate seats could trigger a selloff in the markets, according to Oppenheimer strategist John Stoltzfus.

www.yahoo.com

In the end money talks. Let's see what happens.

I am curious what others think. Do you want one party rule --- or do you prefer as the markets do, a two party checks and balances rule?

There is a lot to be said for one party rule on the federal level. Sound persons of good character with the Congress behind them can do wonderous things. Medicare Part D for one thing under Bush in 2003. They should have raised taxes to pay for it. One party rule can do terrible things too of course but sound persons of good character can do wonderous things. The ACA is another example.

We didn't have that with your blob. We had a man-child whose character was dead if he ever hand any and a Senate that makes up rules as it goes along and then violates them...see ACB and nominee Garland.

So I have no problem with the Senate turning blue.

So you are OK with retirement accounts tanking as House and Senate push the corpse left?

 

[Anomalism]

However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.

How do you see all of that playing out?

 

[AzogtheDefiler]

However, if Georgia goes fully blue then the country will go full Leftist/Socialist and markets will crumble.

How do you see all of that playing out?

As the article states, I see the markets declining by 10-15%. I see the corporate sector pulling back and massive layoffs happening as generally the Democrats are the party of higher taxes and regulations.

This likely pushes the House to go red in 2022 and we see somewhat of a recovery.

 

[Likkmee]

The markets aren't concerned with the puppet on the podium.
Business is business

 

[AzogtheDefiler]

No.

Markets will be fine.

Not per the article I posted. Your opinion is noted. Of course you didn’t state why. LOL

 

[AzogtheDefiler]

The markets aren't concerned with the puppet on the podium.
Business is business

Nope. My clients say otherwise.

 

[LordBrownTrout]

We will fall. Its just a matter of when. The new world order, great reset, wef, will ultimately destroy our sovereignty. When that happens, dollar is done, electronic currency is in. Bow down to the global order.

 

[Likkmee]

The markets aren't concerned with the puppet on the podium.
Business is business

Nope. My clients say otherwise.

Get smarter clients....er... clients are generally not very bright. You got ETF's ?

 

[Mac1958]

No.

Markets will be fine.

Not per the article I posted. Your opinion is noted. Of course you didn’t state why. LOL

Because it's been my profession for 20+ years, and I know not to make simplistic assumptions.

I also know that, in the long run, markets know that tax and spend is more responsible than borrow and spend.

And finally, there are several "experts" who also think we'll be fine. And we all agree that no one knows for sure.

So one opinion means nothing. Especially on an internet message board.

 

[TroglocratsRdumb]

The Democrats have a far left extremist agenda that will crush and enslave the middle class.
They want to spread their dystopian culture into the functional mainstream society.
When you get right down to the core of Liberalism, they are greedy looters and destroyers.

 

[AzogtheDefiler]

The markets aren't concerned with the puppet on the podium.
Business is business

Nope. My clients say otherwise.

Get smarter clients....er... clients are generally not very bright. You got ETF's ?

I have mid market businesses. Smarter has zero to do with it. In fact I advise them to pull back if Senate goes blue. Conserve cash, don’t start complex ventures, freeze M&A initiatives, etc.

 

[RoshawnMarkwees]

Forget retirement accounts. The energy cost increases will destroy the economy on the ground.
A few oligarchs will be rich but everyone else will be squeezed into submission.
Lazy, ignorant democrats failing their due diligence and not vetting their Pravda propaganda.
Today’s democrats: stupidest generation of Americans ever.

 

[AzogtheDefiler]

No.

Markets will be fine.

Not per the article I posted. Your opinion is noted. Of course you didn’t state why. LOL

Because it's been my profession for 20+ years, and I know not to make simplistic assumptions.

I also know that, in the long run, markets know that tax and spend is more responsible than borrow and spend.

And finally, there are several "experts" who also think we'll be fine. And we all agree that no one knows for sure.

So one opinion means nothing. Especially on an internet message board.

So your statement is “we ll be fine”. OK...I have 15+ yrs of experience and I say otherwise.

 

[Mac1958]

No.

Markets will be fine.

Not per the article I posted. Your opinion is noted. Of course you didn’t state why. LOL

Because it's been my profession for 20+ years, and I know not to make simplistic assumptions.

I also know that, in the long run, markets know that tax and spend is more responsible than borrow and spend.

And finally, there are several "experts" who also think we'll be fine. And we all agree that no one knows for sure.

So one opinion means nothing. Especially on an internet message board.

So your statement is “we ll be fine”. OK...I have 15+ yrs of experience and I say otherwise.

I suspect your opinion is shaded by your politics. Okay. Hide that money!

 

[AzogtheDefiler]

No.

Markets will be fine.

Not per the article I posted. Your opinion is noted. Of course you didn’t state why. LOL

Because it's been my profession for 20+ years, and I know not to make simplistic assumptions.

I also know that, in the long run, markets know that tax and spend is more responsible than borrow and spend.

And finally, there are several "experts" who also think we'll be fine. And we all agree that no one knows for sure.

So one opinion means nothing. Especially on an internet message board.

So your statement is “we ll be fine”. OK...I have 15+ yrs of experience and I say otherwise.

I suspect your opinion is shaded by your politics. Okay. Hide that money!

Not remotely. I live in Boston. Bluest of blue states. My opinion is based on logic and the data I have received from my clients. Every single one said they would be cautious and horde cash. All 25.

 

[Mac-7]

So one opinion means nothing. Especially on an internet message board.

Including your opinion

 

[Mac1958]

My opinion is based on logic and the data I have received from my clients. Every single one said they would be cautious and horde cash. All 25.

Wow, that's amazing. My clients are less panicky and trust my guidance in looking long term, all 385 or so.

I've had a few predictably terrified Trumpsters (maybe 15) want to meet about it, but they were fine after that. I haven't changed one portfolio, including my own.

Weird!